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Apr 26 - 05:55 AM

AUD/USD - Drops Back Below 0.72 After SSEC Closes Down 1.4%

By Rob Howard  —  Apr 26 - 03:35 AM
  • AUD/USD falls to 0.7179 after SSEC closes down 1.4% (after 5.1% drop Monday)

  • 0.7179 is lowest level since 0.7228 Asian session high nL2N2WO05J

  • China stock losses influenced Monday's AUD/USD fall to 0.7135 (2-month low)

  • AUD is risk-sensitive (and is often used as a liquid proxy for the yuan)

  • Beijing to test 20 million for COVID as lockdown jitters grow nL2N2WO02Z

  • Australian Q1 CPI data due 0130 GMT, 4.6% YY f/c (RBA meets next week)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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